The PowerShares Dynamic Media Portfolio ETF (NYSE:PBS) is seeing unusually high volume in afternoon trading Monday, with over 422,000 shares traded versus three month average volume of about 43,000. Shares of PBS were up about 0.2% on the day.
Components of that ETF with the highest volume on Monday were Sirius XM Holdings (NASDAQ:SIRI), trading down about 0.6% with over 16.0 million shares changing hands so far this session, and Facebook (NASDAQ:FB), off about 0.3% on volume of over 10.0 million shares. AMC Networks (NASDAQ:AMCX) is the component faring the best Monday, higher by about 3.1% on the day, while Grubhub (NYSE:GRUB) is lagging other components of the PowerShares Dynamic Media Portfolio ETF, trading lower by about 2.9%.
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